| Revenue from the LNG project will be allocated to social and economic initiatives, according to the PNG LNG Quarterly Report. It said revenue generated from the project would go towards two funds created under the Sovereign Wealth Fund (SWF) that would support economic and social initiatives and also stabilise fluctuations in revenue income from resource projects.
“The Papua New Guinea government is establishing a stabilisation fund and a development fund under the Organic Law on the Sovereign Wealth Fund that was passed by the Papua New Guinea parliament in February 2012,” the report said...............................................Full Article: Source
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